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Impact Healthcare REIT ( (GB:CRT) ) just unveiled an announcement.
Care REIT plc announced a 3.6% increase in its dividend target for 2025, raising it to 7.20 pence per share, building on a strong operational performance in the fourth quarter of 2024. The company’s tenants benefit from robust rent cover and occupancy levels, supported by government initiatives for social care funding and fee increases, which are expected to offset rising costs. The portfolio remains fully let with no voids, and Care REIT continues to enhance its properties and pursue growth through strategic investments and asset management, maintaining resilience in the healthcare real estate market.
More about Impact Healthcare REIT
Care REIT plc, formerly known as Impact Healthcare REIT plc, is a real estate investment trust that focuses on acquiring, renovating, extending, and redeveloping high-quality healthcare real estate assets in the UK. The company primarily leases these assets long-term to established healthcare operators, offering care homes for the elderly, with an emphasis on providing attractive rent cover and sustainable shareholder returns.
YTD Price Performance: -1.11%
Average Trading Volume: 598,701
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £333.2M
Find detailed analytics on CRT stock on TipRanks’ Stock Analysis page.
